Current Mortgage Rates 4/3/2017
|Conv. 30 Year Fixed||4.250%||4.295%|
|Conv. 15 Year Fixed||3.250%||3.578%|
|FHA 30 Year Fixed||3.750%||4.775%|
|VA 30 Year Fixed||3.750%||3.957%|
Rates are based on these Terms & Conditions
YTD Mortgage Rate Trend
Weekly Market Commentary
Freddie Mac: http://www.freddiemac.com/pmms/
The 10-year Treasury yield remained relatively flat this week. The 30-year mortgage rate fell 9 basis points to 4.14 percent, another significant week-over-week decline. Despite recent mortgage rate fluctuation, new home sales far exceeded expectations in February and jumped 6.1 percent to an annualized rate of 592,000.
Mortgage News Daily: http://www.mortgagenewsdaily.com/reports/weekly_mortgage_rates/
Mortgage rates began the week in the same holding pattern that began after last week’s big improvements (courtesy of the Fed). This week’s big improvements came courtesy of political gridlock over the bill to replace the Affordable Care Act.
Political headlines utterly dominated newswires. Rates fell after the passage of the bill was called into serious question on Tuesday and they remained in a holding pattern for the rest of the week. The much-anticipated vote was postponed on Friday, ensuring the holding pattern wouldn’t be resolved until next week at the earliest.
Holding here isn’t terrible though. Rates are in line with the lowest levels in about a month with most lenders able to quote top tier conventional 30yr fixed rates of 4.25%.